Risk is inherent in all activities and so a formal approach to the management of risk is not only regarded as sound management practice but is a requirement of Australian Stock Exchange.
On going identification and assessment of strategic, operational and emerging risks, and the assessment of the adequacy of management control practices, are central principles of Colorpak's approach to risk management.
The Risk Management policy describes Colorpak's systematic approach. The objective is a shared understanding of risk, a consistent response to unacceptable levels of risk and a balance between the cost of risk and anticipated benefits. It is Colorpak's goal to manage risk in a manner which maximises our opportunities and minimises potential negatives.